Islamic economics and finance : an epistemological inquiry / Masudul Alam Choudhury.

Includes bibliographical references (pages [341]-362) and index.

Chapter 1 Introduction: A Technical Insight -- Chapter 2 The Moral Foundation of Socio-Scientific Episteme -- Chapter 3 The Epistemic Universe of Islamic Economics and Finance -- Chapter 4 The Socio-Scientific Universe According to the Islamic Scholastics -- Chapter 5 Morality, Ethics, and the World-System: Comparative Perspectives -- Chapter 6 The Nature of Ethics in Islamic Socio-Scientific Order -- Chapter 7 Endogeneity of Ethics: The Islamic Economic and Finance System -- Chapter 8 Overlapping Generation Model for Islamic Asset Valuation: A Phenomenological Application -- Chapter 9 Pointwise Application of Circular Causation in the Islamic Valuation Model -- Chapter 10 Circular Causation Relations Using Malaysian Data on Money and Real GDP -- Chapter 11 Interest-Free Microcredit to Microentrepreneurs: An Institutional Network Approach -- Chapter 12 So Thirty Years After {u2013} Where Do Islamic Economics, Finance, and Banking Stand? -- Chapter 13 The Demise of Mainstream Economic Reasoning and the Alternative: A Generalized System-Model of Money, Real Economy, Finance, and Sustainability -- Chapter 14 The Islamic Panacea to Global Financial Predicament: A New Financial Architecture -- Chapter 15 The Economic Queen has Soured: It's Time for Change -- Chapter 16 Conclusion: Contributions to Economic Analysis

Islamic Economics and Finance: An Epistemological Inquiry is a scholarly work on the foundations of the role that the moral and ethical law plays on human enterprise comprising economics, finance, society and science. Divided into three parts, theoretical, empirical and application, the study covers a vast area of socio-scientific investigation and is extensively comparative in perspective. Its methodology is a mix of a textual, analytical, diagrammatic, mathematical and applied nature spanning various problems of Islamic economics, finance, society and science within a general-system worldview of unity of knowledge. This book presents multidimensional general-system conception, construction, formalism, application and inference as empirically viable and explainable and uses the language of philosophy of science and applied mathematical models alongside policy analysis. At a time when an epistemological study of the foundations of Islamic economics, finance, society and science is receiving crucial attention worldwide this text is equally accessible to the informed reader and the specialized one.